Answer: C) The minimum wage law causes unemployment.
If firm-level asymmetric information becomes more severe, then
A) investment demand increases. B) investment demand decreases. C) investment demand does not change. D) it is impossible to tell.
A horizontal merger is one in which the merging firms:
a. are about the same size. b. produce the same good in the same industry. c. will control greater than 50 percent of the market. d. have never directly competed in the past. e. will pay twice as much in taxes.
Differences in earnings between racial groups is due in part from differences in:
A. ability to achieve. B. educational attainment. C. geographical location. D. None of these is true.
Costs that require a firm to spend money are considered:
A. fixed costs. B. variable costs. C. explicit costs. D. implicit costs.